Harvey Sawikin, Firebird Management is presenting a Russian, state-Owned, energy company, which he believes is a great value stock. Harvey is the next speaker at the 9th Annual Value Investing Congress.
Harvey Sawikin co-founded Firebird in 1994. He is co-manager of Firebird Fund, which was among the first funds created to invest in Russian equities. Firebird is one of the best-performing of all hedge funds since its inception. In addition, Harvey co-manages Firebird New Russia Fund, Firebird Republics Fund and Firebird Avrora Fund, which also was among the first to invest in Eastern European companies. Harvey is a member of the Management Boards of Amber Trust and Amber Trust II. The Ambert Trust firms are private equity funds focused on the Baltic region. Firebird launched the PE funds in a partnership with Danske Capital Finland. Firebird Manages $1.1B in Assets. Started in 1994.
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Harvey Sawikin live coverage
(3:30pm EST) Getting right into a stock pitch
JSC Gazprom Neft (ADR) (OTCMKTS:GZPFY) –majority owned by Gazprom (out of Russia)
Lack of liquidity have caused the stock to be undervalued. Small float due to Gazprom’s ownership
Amongst the most efficient oil plays in Russia
Russia looks cheap relative to other emerging market countries. Remains to be seen whether Putin administration will create reform to compensate for low growth.
Book recommendation: “Thinking fast and slow” by Daniel Kahneman
2 other stock picks:
Tallink Grupp (TAL1T) – operates passenger and cargo ships in the Baltic Sea, trading below value of fleet
KKBLY (traded in london) Kazakhstan bank. high risk.
ValueWalk readers can get a 53% discount on the Value Investing Congress in Vegas (April 3rd and 4th), just use this link to register.
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